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by bri3d
5232 days ago
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Google maintain a controlling interest, but the founders themselves don't. I believe at IPO the founders controlled about 37.6% of the votes in Google and the board controlled 61.4%. So Google still got to direct Google (rather than their public investors), but the founders personally could be overrun by the board. Facebook is one of the very few companies I can think of which is IPOing with a personal controlling interest from a founder. |
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